Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
ABI Confirms Insurers’ UK Flood Coverage Efforts; Losses May Top $1.6 Billion
Dec 28 2015 // Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be...
Telemedicine Gaining Acceptance Among Patients, Insurers
Dec 27 2015 // Telemedicine services, which allow doctors to treat patients via video, are gaining acceptance among consumers and insurance companies as it becomes clearer when a virtual visit is appropriate, industry executives...
Zurich North America Forms Captive Insurance Company in Vermont
Dec 23 2015 // Zurich North America has selected Vermont as the domicile for a new sponsored cell captive company, according to the Vermont Department of Financial Regulation. The captive, Hoplite Reinsurance Company of Vermont, is...
Polish Insurer PZU Shares Rise after Tax Proposal Watered Down
Dec 23 2015 // Shares in Polish insurer PZU SA jumped most in three months as lawmakers watered down the size of a planned tax on Polish insurance companies. Shares of the country’s largest insurer rose as much as 3.4 percent, the...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns
Dec 22 2015 // The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have...
S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings
Dec 22 2015 // Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its...
Flood, Fraud & the Florida Market: McCarty Talks Hot Insurance Topics in 2015
Dec 21 2015 // It was another busy year for the Florida Office of Insurance Regulation (OIR). From conducting the annual property/casualty data call and subsequent stress test of Florida property insurers, to working on the depopulation...
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Dec 21 2015 // Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance...
South Carolina Insurers to Weather at Least $181M in Claims from October Storm
Dec 21 2015 // The mega-storm that devastated South Carolina in early October is estimated to have cost more than $1.4 billion with insurers paying around $181 million of those losses in claims, so far. South Carolina Gov. Nikki Haley...
Top 5 Markets of 2015
Dec 21 2015 // There was no shortage of new products launched by the insurance industry in 2015. Cyber, a risk that has consistently seen a lot of activity over at least the last several years, continued to be on the top of the...
Massachusetts AG Faults Insurers’ Rate Hikes
Dec 21 2015 // Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last...
Delaware Issues Bulletin on PIP Subrogation Claims
Dec 21 2015 // The Delaware Department of Insurance is reminding auto insurers that broad release language in settlement agreements which technically preclude a personal injury protection (PIP) carrier from pursuing its subrogation claim...
Connecticut Warns Carriers Not to Use Price Optimization
Dec 21 2015 // Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance pricing. Connecticut Insurance Commissioner Katharine L. Wade announced that...
Vermont Court Lets Home Insurer Off the Hook in Pesticide Lawsuit
Dec 17 2015 // A Vermont family who said their home was made unlivable by an exterminator who used a banned pesticide has had their lawsuit against an insurance company overturned. Neil and Patricia Whitney said a foster child brought...
Illinois’ The Rockwood Company Joins Keystone Insurers Group
Dec 17 2015 // Keystone Insurers Group announced its newest franchise partner in Illinois: The Rockwood Company, based in downtown Chicago. The firm, with four offices outside the city, completes Keystone’s network of agents in...
Fitch’s Sector Outlook for UK Non-Life: Stable – French Non-Life: Negative
Dec 17 2015 // Fitch Ratings has issued reports on both the UK and the French non-life insurance sectors. The UK report indicates that “operating conditions within the UK non-life company market are expected to remain stable in...
Delaware Warns Insurers About Circumventing PIP Subrogation Claims
Dec 15 2015 // The Delaware Department of Insurance is reminding auto insurers that broad release language in settlement agreements which technically preclude a personal injury protection (PIP) carrier from pursuing its subrogation claim...
Once Profitable, Maine’s Community Health Option Is Now Losing Millions
Dec 15 2015 // The lone health insurance cooperative to make money last year on the Affordable Care Act’s public insurance exchanges is now losing millions and suspending individual enrollment for 2016. Maine’s Community...
Chinese Online Insurer ZhongAn Leads Financial Technology Innovation
Dec 15 2015 // Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and interest in the sector...
Survey Concludes Europe’s Regulators ‘Gold-Plating’ New Insurer Capital Rules
Dec 15 2015 // Domestic regulators are increasingly “gold-plating” new European insurance capital rules by adding their own more stringent requirements, according to a survey of insurance trade associations. Two-thirds of...
